Uniswap breaks $8 resistance, Polkadot trades sideways, analysts predict 10x surge for Intel Markets
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Uniswap clears the $8 resistance level, Polkadot remains in sideways movement, while analysts predict a potential 10x surge for Intel Markets.
The crypto market is showing signs of revival as Uniswap (UNI) rises and crosses the resistance at the $8 level. On the other hand, Polkadot (DOT) stays in a sideways trend. The cryptocurrency has been trading between $3 and $4 in the past month.
The current consolation of DOT has made many investors question if a breakout could happen soon. Meanwhile, Intel Markets (INTL) has caught the attention of analysts with its potential. They forecast the value of the DeFi coin could increase by 10x in the coming months.
Uniswap shows signs of upward momentum following breakout
Analyst Kizoki forecasts that Uniswap is showing positive movement, with indicators like the Stoch RSI (14) pointing to an uptrend. The recent analysis brings to light a change in the direction of the Uniswap coin.
The token has moved past a previous resistance level at $8 and is now aiming for new highs. Data from CoinMarketCap shows the value of the Uniswap crypto has increased by 14.8% on the weekly timeframe and 27.5% on the monthly chart.
Kizoki has set two key targets for this potential upward trajectory: a first target of $12.029 and a second target of $17.203. James CryptoGuru is also bullish about the Uniswap coin.
The crypto enthusiast posted a chart on X where the price of UNI skyrocketed to $18.780. On the flip side, the Uniswap price could return to the $8 region if it faces resistance at higher levels.
Polkadot continues bearish movement
Over the past month, the price of Polkadot has been consolidating between $3.60 and $4.60, based on CoinMarketCap’s data. Attempts to break out of this range were met with resistance at higher timeframes.
Currently, the Polkadot price has dropped on the weekly, biweekly, and monthly timeframes. Its 14-day RSI is currently below the midline, signaling a bearish trend in the market.
Despite the bearish momentum, Alex $DOT says the value of the Polkadot crypto could rise to $10 in the coming weeks. According to him, the token must close above the $4.10-$4.15 mark on November 6, which has happened.
Alex $DOT had, in an earlier post, told his audience that the Polkadot coin might go parabolic soon. He posted a price chart that shows the token’s value pumping to four potential targets. They include $10, $15, $23, and $35.
Intel Markets’ 10x forecasts stir investors interest
Intel Markets is among the most sought-after presale projects right now. Investors have been on a buying spree, helping the project raise $1.97 million since the beginning of its cryptocurrency ICO. Right now, the project is in the fifth and is priced at $0.045727. Analysts forecast the value of Intel Markets could pump by 10x in the months ahead, making it a promising crypto.
Intel Markets is an advanced AI-based cryptocurrency trading platform that has been created to help the retail trader succeed in the marketplace. With support for two blockchain systems, Ethereum and Solana, Intel Markets provides traders with the best of both worlds: low cost and fast execution of transactions in a secure environment.
At the heart of IntelMarkets, there is the future Zirkon blockchain that powers its artificial intelligence-driven tools and bots. These are smart bots that can analyze millions of data points in real time to find out where the profit-making trades are and execute them. Traders can also set their own strategies and risk levels.
Intell-M® Channel Analysis is another of Intel Market’s advanced tools. This tool aggregates data from over 10,000 sources to enable traders to make correct decisions based on detailed information about the market. In the near future, users will be able to exploit charting features integrated directly into the platform thanks to the integration of TradingView.
Final thoughts
The Uniswap crypto is on an uptrend, while Polkadot is yet to pick up pace. Meanwhile, analysts are optimistic about the future trajectory of Intel Markets. An increase of 10x could position the cryptocurrency among the best performers and a major player in the DeFi market.
To learn more about Intel Markets, visit the presale website, Telegram, and Twitter.
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